Daily Archives: August 31, 1989

SECTION 28(I) OF THE INCOME – TAX ACT, 1961 – BUSINESS INCOME – CHARGEABLE AS – TESTS FOR DISTINCTION BETWEEN SHARES HELD AS STOCK-IN-TRADE AND SHARES HELD AS INVESTMENT INSTRUCTION NO 1827, DATED 31-8-1989 [ Note : This INSTRUCTION NO 1827 supplemented by CBDT Circular No 4/2007 dated 15-6-2007 : Where an assessee has two portfolios ( investment portfolio and trading portfolio ), the assessee… Read More »

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